Market Close 06 Mar 26: Worst weekly drop in over a year for Aussie market

The Aussie market endured a bruising week, on track for its sharpest weekly decline since early 2025. While Energy stocks offered some protection - buoyed by a 20% surge in oil prices this week - the broader market succumbed to fears of an inflationary shock. Materials and Gold miners were heavily sold off today as the US dollar strengthened, while Uranium miner Deep Yellow plunged over 12% after delaying a key project decision in Namibia. Amid the sea of red, Tech stocks emerged as rare winners. WiseTech spearheaded a relief rally, leaping 11% as opportunistic investors rotated back into growth names that had been previously battered by selling pressure. All eyes now shift to tonight’s critical US non-farm payrolls and next week’s US inflation data for the next directional cue. Laura Besarati is a Market Analyst at CommSec. Each episode, she break's down the day's market movements and explains what the numbers really mean. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.